It's really interesting to see the power of the Gap, no matter down or up.
And once the Gap was closed above or below daily, then the resist/support function switches.
Based on the theory, we can long or short once you had a clear closed-signal about the gap.
Meanwhile we have to see some gaps in history by draw a ray from them.
So this week USOIL closed above Gap on Nov 30th,2015.
In my opinion, there is a great probabilty that USOIL will retest 41.83 or 39.62.
Both positions are good entrys for long.
Trade safe. No news is good news.
And once the Gap was closed above or below daily, then the resist/support function switches.
Based on the theory, we can long or short once you had a clear closed-signal about the gap.
Meanwhile we have to see some gaps in history by draw a ray from them.
So this week USOIL closed above Gap on Nov 30th,2015.
In my opinion, there is a great probabilty that USOIL will retest 41.83 or 39.62.
Both positions are good entrys for long.
Trade safe. No news is good news.